Tennessee Attorney General Jonathan Skrmetti led a coalition of 13 other state attorneys general in pushing back against a new pilot program launched by the Federal Housing Finance Agency (FHFA) that would remove title insurance requirements from certain loans sold to Fannie Mae and Freddie Mac.
In March, the FHFA launched the pilot program, which “waives the requirement for lender’s title insurance or a legal opinion on certain low-risk refinance transactions where there is confidence that the property is free and clear of any prior lien or encumbrance.”
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